Apollo Tyres Limited
DSP Mutual Fund reduced its stake in Apollo Tyres from 1.31% to 1.28%, selling 2,06,117 shares. The fund house now holds 81,40,578 shares of the tyre manufacturer.
An established manufacturer of tyres and rubber products, Apollo produces automatic bias and radial tyres, tubes, and related components for various vehicle segments. Operating manufacturing facilities across multiple locations in India, the company serves both original equipment manufacturers and the replacement market through its diverse product portfolio. Its brands cater to two-wheeler, light truck, passenger car, and farm vehicle segments, addressing transportation and agricultural requirements across the domestic market.
Standalone AMC after DSP Group acquired full ownership from BlackRock in 2018. Manages over Rs 1.9 lakh crore. Known for equity funds with a clear process-first culture and minimal star manager dependency. CEO Kalpen Parekh is widely respected for transparent investor communication. DSP Small Cap Fund and DSP Midcap Fund are flagship offerings.